Marico will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

The leading equity indices continued to trade with deep cuts in mid-afternoon trade amid mixed cues from global markets and fears of full fledged war between Iran and Israel. The fall was also triggered by SEBI's new F&O rules. The Nifty traded below the 25,350 mark. The Nifty traded below the 25,250 mark. Private bank shares extended losses for the fourth trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex slumped 1,797.29 points or 2.31% to 82,469. The Nifty 50 index tumbled 552.10 points or 2.41% to 25,234.90. In the broader market, the S&P BSE Mid-Cap index slipped 2.42% and the S&P BSE Small-Cap index declined 2.04%. The market breadth was weak. On the BSE, 952 shares rose and 2,996 shares fell. A total of 104 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, zoomed 9.57% to 13.14. SEBI's new F&O rules: The Securities and Exchange Board of India's (SEBI) introduced a six-step plan to curtail retail participation in speculative index derivatives. This could result in a significant decline in trading volumes. New regulations require traders to maintain higher margins, potentially hindering their ability to take on larger leveraged positions. Moreover, the reduction of weekly options expiries to one per exchange could lead to decreased revenues for exchanges and brokers. This change means that each exchange will only offer weekly contracts for one benchmark index instead of the current two to four. These measures are designed to reduce excessive speculation in the futures and options (F&O) segment, where retail investors often find themselves on the losing end of trades. Buzzing Index: The Nifty Private Bank index fell 2.68% to 25,761.80. The index slipped 5.43% in four trading sessions. Axis Bank (down 3.74%), Bandhan Bank (down 3.46%), Kotak Mahindra Bank (down 3.06%), HDFC Bank (down 2.45%), City Union Bank (down 2.39%), IDFC First Bank (down 2.3%), Federal Bank (down 2.29%), RBL Bank (down 2.14%), ICICI Bank (down 1.86%) and IndusInd Bank (down 1.6%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 2.15% to 6.877 as compared with previous close 6.732. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.9625, compared with its close of 83.8275 during the previous trading session. MCX Gold futures for 5 December 2024 settlement fell 0.66% to Rs 76,369. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.15% to 101.82. The United States 10-year bond yield added 0.59% to 3.810. In the commodities market, Brent crude for November 2024 settlement added 86 cents or 1.16% to $74.76 a barrel. Stocks in spotlight: Marico rose 0.45%. The company informed that its domestic business posted mid-single digit volume growth, exhibiting improvement on a sequential basis. REC slipped 3.21%. The company's said that it has disbursed loans amounting to Rs 47,303 crore in Q2 FY24-25, which is higher by 13.71% as compared with Rs 41,598 crore disbursed in Q2 FY23-24. NBCC (India) tumbled 4.65%. The company informed that it has received orders from Small Industrial Development Bank of India (SIDBI) and Ministry of Textiles, aggregating to Rs 47.04 crore. Powered by Capital Market - Live

Marico Ltd is up for a third straight session in a row. The stock is quoting at Rs 706.85, up 1.41% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.53% on the day, quoting at 25803.45. The Sensex is at 84485.2, up 1.56%. Marico Ltd has risen around 4.06% in last one month. Meanwhile, Nifty FMCG index of which Marico Ltd is a constituent, has risen around 4.27% in last one month and is currently quoting at 64975.8, up 1.25% on the day. The volume in the stock stood at 13.12 lakh shares today, compared to the daily average of 25.1 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 706.35, up 1.11% on the day. Marico Ltd is up 23.01% in last one year as compared to a 30.7% spurt in NIFTY and a 27.32% spurt in the Nifty FMCG index.The PE of the stock is 83.39 based on TTM earnings ending June 24.Powered by Capital Market - Live

Marico has allotted 5,636 equity shares under ESOP on 17 September 2024. With this allotment, the paid up equity share capital has increased to 1,29,47,42,723 equity shares of Re. 1 each aggregating to Rs.1,29,47,42,723/-. Powered by Capital Market - Live

Marico Ltd gained for a fifth straight session today. The stock is quoting at Rs 685, up 0.67% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 25003.7. The Sensex is at 81679.08, up 0.19%. Marico Ltd has risen around 3.7% in last one month. Meanwhile, Nifty FMCG index of which Marico Ltd is a constituent, has risen around 5.5% in last one month and is currently quoting at 64768.15, up 0.17% on the day. The volume in the stock stood at 6.56 lakh shares today, compared to the daily average of 26.74 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 684.85, up 0.35% on the day. Marico Ltd is up 17.42% in last one year as compared to a 24.58% spurt in NIFTY and a 24.23% spurt in the Nifty FMCG index.The PE of the stock is 81.38 based on TTM earnings ending June 24.Powered by Capital Market - Live

Marico has allotted 46,920 equity shares under ESOP on 06 September 2024. Consequently, the paid up equity share capital has increased to 1,29,47,37,087 equity shares of Re. 1 each aggregating to Rs.1,29,47,37,087/- Powered by Capital Market - Live

Marico announced the launch of its latest innovation - Saffola Masala Millets in two new exciting flavours - Masala Delight and Tomato Delight. This new product line capitalizes on the brand's expertise in democratizing healthy grains, offering a nutritious and flavorful option that aligns with contemporary dietary trends. The new category expands the marque brand Saffola's millet portfolio, reinforcing its commitment to promoting nutritious yet taste-forward 'better for you' products. Saffola Masala Millets come in a convenient 35g pack, priced affordably at just Rs 20/-, making them accessible to a wide range of consumers who are seeking Nutritious and tasty food. Saffola Masala Millets are also available on leading Modern Trade chains such as Reliance and DMart storePowered by Capital Market - Live

Marico announced the launch of innovative Hair & Care Oil in Serum. Speaking on the launch, Somasree Bose Awasthi, Chief Marketing Officer, Marico Ltd. said, 'Women enjoy the beauty that comes with leaving their hair open, but frizz and tangles can often stand in the way of achieving that perfect look. That's why we've introduced Hair & Care Oil in Serum'an innovative product that brings together the styling benefits of a serum and the nourishing goodness of almond oil. Understanding that serums are often seen as costly, we've ensured that Hair & Care Oil in Serum is an affordable, value-for-money option, offering premium hair care at just Rs 2 per use. At Marico, we are committed to delivering innovative solutions that enhance beauty routines, and this new launch is a clear reflection of that dedication.' Hair & Care Oil in Serum is now available at all leading retail outlets across West Bengal, Orissa, Punjab, and the Northeast region.Powered by Capital Market - Live

Marico has allotted 55,504 equity shares under ESOP on 13 August 2024. With this allotment, the paid up equity share capital has increased to 1,29,46,90,167 equity shares of Re. 1 each aggregating to Rs. 1,29,46,90,167. Powered by Capital Market - Live

Net profit of Marico rose 8.67% to Rs 464.00 crore in the quarter ended June 2024 as against Rs 427.00 crore during the previous quarter ended June 2023. Sales rose 6.70% to Rs 2643.00 crore in the quarter ended June 2024 as against Rs 2477.00 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2643.002477.00 7 OPM %23.6923.17 - PBDT646.00603.00 7 PBT605.00567.00 7 NP464.00427.00 9 Powered by Capital Market - Live